Requirements of a creditor’s petition and how to deal with one

This fact sheet explains what a creditor’s petition is, your options for dealing with one, and what to expect during the bankruptcy proceedings themselves.

If you are served with a creditor’s petition, you should consider your options. You’re entitled to at least five days notice between becoming aware of a creditor’s petition and attending a court hearing. You should always appear at court on the first date shown on the petition, even if you plan on having the hearing adjourned.

This fact sheet explains:

• The requirements of a creditor’s petition
• How bankruptcy proceedings commence
• What to expect when receiving a creditor’s petition
• Your options for dealing with or opposing a creditor’s petition
• What to expect during a creditor’s petition hearing

More resources

Further reading:

The Federal Circuit Court has information about bankruptcy and appearing at the hearing.